Category Archives: Developing Stories
Wiretap Evidence Challenged In Galleon Hedge Fund Case
New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam is again seeking to throw out the evidence gained by the prosecution’s wiretapping last year. “In applying for wiretap permission in March 2008, an FBI agent failed to tell a judge […]
Hedge Fund Mergers and Acquisitions: PGI Agrees to be Acquired by Blackstone
Polymer Group, Inc., today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, […]
Another Goldman vs. Hedge Fund Lawsuit
New York (HedgeCo.net) – Hedge fund Dodona I LLC., has filed a class action suit against Goldman Sachs and seeks damages. The hedge fund is said to have invested four million dollars in securitized mortgage loans (CDO) under the name Hudson Mezzanine, […]
AllianceBernstein Acquires SunAmerica’s Hedge Fund Group
New York (HedgeCo.net) – Global investment management firm AllianceBernstein L.P. has acquired SunAmerica’s alternative investments group, a team that manages a portfolio of hedge fund and private equity fund investments. “We are pleased to add to our alternative investment capabilities this exceptional […]
Hedge Fund Moves: German Nanotech Investor Prepares for ADR trading in the US
New York (HedgeCo.net) – Hedge fund investor Nanostart AG is making preparations for ADR trading in the United States, which is scheduled to begin in October. Bank of New York Mellon (BNYM), one of the world’s largest depositary banks, is […]
People Moves: Barclays Wealth Expands US Team With Major Hedge Fund Hires
New York (HedgeCo.net) – Global $232 billion hedge fund manager Barclays Wealth has hired fourteen new investment representatives in it US branch offices. In Miami, Tony Esses joins as a Director and Investment Representative after 24 years at HSBC Private. […]
Hedge Funds Provide Biofuel Company With Bridge Loan
New York (HedgeCo.net) – Hedge funds Third Point and Greenlight Capital have made a short-term loan of $19.4 million to BioFuel Energy Corp., in which they hold shares, MarketWatch reports. With a 12.4% interest rate, a 4% fee and and […]
Hedge Funds To Get Tribune Out Of Bankruptcy
New York (HedgeCo.net) – The Chicago Tribune and Los Angeles Times have made a deal with hedge funds Oaktree Capital Management and Angelo, Gordon & Co LP., which will give the two hedge funds significant stakes in the now bankrupt […]
Update: Nanotech Hedge Funds Soar in 2010
New York (HedgeCo.net) – Frankfrurt-based nanotechnology investor, Nanostart Investments, has managed to achieve their capital objectives for 2010 in the first half of the year. The company also obtained a gross cash influx of nearly 1.3 million euros ($1.75 million) […]
6 Months Inside For Robert Moffat in Hedge Fund Insider Trading Ring
New York (HedgeCo.net) – Former IBM vice president Robert Moffat was sentenced to six months in prison in the Rajaratnam/Chiesi hedge fund insider trading case, the Courthouse News Services reported this morning. Judge Deborah Batts additionally fined Moffat $50,000. “White-collar […]
Activist Hedge Funds: Helvetia Acquires Dunedin Independent
New York (HedgeCo.net) – Zurich-based activist hedge fund manager Helvetia Wealth has expanded its influence in Scotland with the acquisition of Dunedin Independent, Scotland’s largest independently-owned financial advisor (IFA). With GBP350 million ($539 million) in AUM, Dundein is ranked in […]
BNY Mellon Purchases I(3) Hedge Fund Advisors of Toronto
New York (HedgeCo.net) – BNY Mellon, a leading global financial services company, has completed its purchase of I(3) Advisors of Toronto, an independent wealth strategy company with more than C$3.8 billion in assets under advisement. This transaction represents BNY Mellon’s […]